Friday 16 October 2026 Export AMZN’s income statement to Excel — free account

Amazon.com, Inc.

Amazon.com, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $716.9 billion, up 12.4% from fiscal 2024. In the quarter to June 2026, revenue grew 19.6%, EPS grew 240.4%, free cash flow fell 770.4% and total debt rose 154.1%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; revenue growth for ten consecutive years, operating cash flow growth for three.

250.06 4.70 −1.84%

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Market cap: $2.75T
P/E: 19.8×
Fwd P/E: 28.5×
Dividend yield: —
F-score: 6/9
Altman Z: 5.27
Beneish M: −2.63
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 448.48

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	8	1	—	8	1	5	9	1	1	9	—	1

Insider Ownership 8.81%

Capital & Financial Ratios $m

Market Cap 2,747,920.00

Revenue 775,680.00

Net Income 135,281.00

Free Cash Flow (7,604.00)

Net Debt 5,906.00

Current Ratio 1.03

Debt/Equity 0.23

P/E ratio 19.85

Fwd P/E 28.50

P/S ratio 3.47

P/B ratio 4.88

Past 5Y EPS Growth 27.94%

This Y EPS Growth 78.39%

Next Y EPS Growth (16.69%)

Next Y revenue growth 15.55%

Next 5Y EPS Growth 25.55%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.17%

10-year low 10-year high

P/S against its own 10 years 57.57%

10-year low 10-year high

P/B against its own 10 years 1.14%

10-year low 10-year high

EV/Sales against its own 10 years 62.00%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	86,780	101,202	123,029	122,988
Receivables	52,253	55,451	67,729	88,092
Inventory	33,318	34,214	38,325	38,184
Other	—	—	—	—
	172,351	190,867	229,083	249,264

	2023	2024	2025	Q'26
Payables	84,981	94,363	121,909	147,440
ST’ Debt	—	—	—	—
Other	15,227	18,103	20,576	20,428
	164,917	179,431	218,005	241,274

Compound Annual Growth %

	10y	5y	3y
Sales	20.95%	13.18%	11.73%
Cash Flow	27.76%	16.13%	43.97%
Earnings	62.74%	29.49%	0.00%
Book Value	40.84%	34.50%	41.19%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	181,519	200,606	—	—	—
’25	155,667	167,702	180,169	213,386	716,924
’24	143,313	147,977	158,877	187,792	637,959
’23	127,358	134,383	143,083	169,961	574,785
’22	116,444	121,234	127,101	149,204	513,983
’21	108,518	113,080	110,812	137,412	469,822
’20	75,452	88,912	96,145	125,555	386,064

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	26,032	45,387	—	—	—
’25	17,015	32,515	35,525	54,459	139,514
’24	18,989	25,281	25,971	45,636	115,877
’23	4,788	16,476	21,217	42,465	84,946
’22	(2,790)	8,965	11,404	29,173	46,752
’21	4,213	12,715	7,313	22,086	46,327
’20	3,064	20,605	11,964	30,431	66,064

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(17,202)	(7,689)	—	—	—
’25	(7,240)	1,147	1,297	15,990	11,194
’24	5,054	8,888	4,693	19,584	38,219
’23	(8,282)	6,064	9,919	29,112	36,813
’22	(16,532)	(5,133)	(3,637)	13,733	(11,569)
’21	(6,974)	(273)	(7,438)	5,616	(9,069)
’20	(2,364)	13,991	2,156	17,237	31,020

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.78	5.75	—	—	—
’25	1.59	1.68	1.95	1.95	7.17
’24	0.98	1.26	1.43	1.86	5.53
’23	0.31	0.65	0.94	1.00	2.90
’22	(0.38)	(0.20)	0.28	0.03	(0.27)
’21	0.79	0.76	0.31	1.39	3.24
’20	0.25	0.52	0.62	0.70	2.09

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	23.70	37.39	58.53	73.05	81.30	144.05	81.69	81.43	144.05	161.38	Analyst estimates 2026–2028 Powerpack
	High	42.36	60.67	102.53	101.79	177.61	188.65	171.40	155.63	233.00	258.60
People
People	Employees	341,400	566,000	647,500	798,000	1,298,000	1,608,000	1,541,000	1,525,000	1,556,000	1,576,000
	Revenue/emp, $m	0.40	0.31	0.36	0.35	0.30	0.29	0.33	0.38	0.41	0.45
Income, $m
Income, $m	Revenue	135,987	177,866	232,887	280,522	386,064	469,822	513,983	574,785	637,959	716,924
	Gross margin, %	35.09	37.07	40.25	40.99	39.57	42.03	43.81	46.98	48.85	50.29
	EBT	3,892	3,806	11,261	13,976	24,178	38,151	(5,936)	37,557	68,614	97,311
	EBT margin, %	2.86	2.14	4.84	4.98	6.26	8.12	(1.15)	6.53	10.76	13.57
	Net income	2,371	3,033	10,073	11,588	21,331	33,364	(2,722)	30,425	59,248	77,670
	Depreciation	8,116	11,478	15,341	21,789	25,180	34,433	41,921	48,663	52,795	65,756
Per share, $
Per share, $	Revenue	14.34	18.53	23.91	28.39	38.59	46.44	50.44	55.78	60.91	67.28
	Earnings	0.25	0.32	1.03	1.17	2.13	3.30	(0.27)	2.95	5.66	7.29
	Cash flow	1.81	1.91	3.15	3.90	6.60	4.58	4.59	8.24	11.06	13.09
	Capex	(0.71)	(1.05)	(1.16)	(1.28)	(3.50)	(5.48)	(5.72)	(4.67)	(7.42)	(12.04)
	Free cash flow	1.10	0.87	1.99	2.61	3.10	(0.90)	(1.14)	3.57	3.65	1.05
	Book value	2.03	2.89	4.47	6.28	9.34	13.66	14.33	19.59	27.31	38.58
	Shares, m	9,480	9,600	9,740	9,880	10,005	10,117	10,189	10,304	10,473	10,656
Valuation, ×
Valuation, ×	P/E	150.72	188.43	72.70	78.80	76.46	50.57	0.00	50.65	38.83	31.66
	P/S	2.63	3.21	3.14	3.25	4.22	3.59	1.70	2.69	3.60	3.43
	P/B	18.52	20.60	16.80	14.71	17.44	12.20	5.99	7.65	8.03	5.98
	EV/Sales	2.49	3.17	3.06	3.14	4.08	3.49	1.70	2.64	3.53	3.35
	EV/FCF	32.38	67.95	36.79	34.12	50.83	(180.77)	(75.33)	41.19	58.85	214.60
Cash, $m
Cash, $m	Operating cash flow	17,203	18,365	30,723	38,514	66,064	46,327	46,752	84,946	115,877	139,514
	Capex	(6,737)	(10,058)	(11,323)	(12,689)	(35,044)	(55,396)	(58,321)	(48,133)	(77,658)	(128,320)
	Free cash flow	10,466	8,307	19,400	25,825	31,020	(9,069)	(11,569)	36,813	38,219	11,194
Balance, $m
Balance, $m	Working capital	1,965	2,314	6,710	8,522	6,348	19,314	(8,602)	7,434	11,436	11,078
	Total debt	7,694	24,743	23,495	23,414	31,816	48,744	67,150	58,314	52,623	65,648
	Net debt	(18,287)	(6,243)	(17,755)	(31,607)	(52,580)	(47,305)	(2,876)	(28,466)	(48,579)	(57,381)
	Shareholders’ equity	19,285	27,709	43,549	62,060	93,404	138,245	146,043	201,875	285,970	411,065
Returns, %
Returns, %	ROA	3.20	2.83	6.85	5.97	7.81	9.00	(0.62)	6.14	10.28	10.77
	ROIC	262.15	11.95	30.10	29.84	35.06	17.10	5.35	13.28	18.06	14.13
	ROE	14.52	12.91	28.27	21.95	27.44	28.81	(1.91)	17.49	24.29	22.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AMZN Amazon.com, Inc.	$2.75T	20.2×	28.5×	+19.62% (above 0%: growing)	+240.35% (above 0%: growing)	−770.36% (below 0%: shrinking)	52.26%	13.69%
BABA Alibaba Group Holding Limited	$276.5B	24.4×	21.0×	+14.66% (above 0%: growing)	−74.13% (below 0%: shrinking)	+17.19% (above 0%: growing)	38.24%	7.29%	Compare
PDD PDD Holdings Inc. Sponsored ADR	$117.3B	8.6×	9.1×	+14.08% (above 0%: growing)	−7.17% (below 0%: shrinking)	+25.39% (above 0%: growing)	57.26%	24.71%	Compare
MELI MercadoLibre, Inc.	$94.1B	50.5×	39.6×	+49.76% (above 0%: growing)	−10.86% (below 0%: shrinking)	+22.47% (above 0%: growing)	40.90%	6.72%	Compare
DASH DoorDash, Inc.	$83.7B	99.5×	61.1×	+35.63% (above 0%: growing)	−31.34% (below 0%: shrinking)	+109.01% (above 0%: growing)	52.69%	3.50%	Compare
SE Sea Limited Sponsored ADR	$55.3B	36.0×	28.5×	+48.07% (above 0%: growing)	+5.88% (above 0%: growing)	−6.79% (below 0%: shrinking)	45.58%	8.35%	Compare
EBAY eBay Inc.	$54.7B	24.9×	24.0×	+14.80% (above 0%: growing)	+55.00% (above 0%: growing)	+168.03% (above 0%: growing)	73.45%	21.57%	Compare
JD JD.com, Inc.	$32.9B	17.6×	10.9×	+2.54% (above 0%: growing)	+27.87% (above 0%: growing)	+64.77% (above 0%: growing)	17.12%	1.31%	Compare
CPNG Coupang, Inc.	$26.6B	— (loss-making)	— (loss-making)	+3.89% (above 0%: growing)	n/m	−79.35% (below 0%: shrinking)	28.16%	(6.28%)	Compare
Median of peers	$69.5B	24.9×	24.0×	+14.73%	−7.17%	+23.93%	43.24%	7.01%

All 42 Internet Retail stocks →

Amazon.com, Inc. (AMZN) key facts

Strength: Amazon.com, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $716.9 billion, up 12.4% from fiscal 2024.
Strength: Net income was $77.7 billion, or $7.29 per share (basic), a net margin of 10.8%.
Amazon.com, Inc. (AMZN) is an Internet Retail company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, AMZN traded at $250.06, a market capitalization of $2.75 trillion.
At that price the stock trades at 19.8× trailing-twelve-month earnings and 3.5× sales; its P/E is higher than 1% of its own readings over the past ten years.
Return on equity was 22.3% and debt-to-equity 0.23.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.27 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

Amazon.com’s latest reported quarter showed higher revenue, gross profit, operating income and net income than the preceding quarter and the comparable quarter a year earlier. The trailing-twelve-month figures also show revenue, net income and operating cash flow above the prior trailing period, while free cash flow was negative.

For the latest completed fiscal year, revenue, gross profit, operating income and net income all increased from the preceding fiscal year. Margins and returns remained positive, while capital expenditure rose and free cash flow declined. The balance sheet moved from a net cash position at fiscal year-end to net debt in the latest quarter.

Read the full analysis →